Term Loan Amortization Amount definition

Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) the sum of (x) the Term Facility comprised of Closing Date Term Commitments on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans (except Other Incremental Term Loans) made pursuant to Section 2.16(b) times (b) 1.25%.

Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Total Term Loan Commitment on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.13(b) times (b) 2.50%.

Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.18 (solely to the extent such Incremental Term Loans are made on the same terms as the Term Facility as in effect on the Closing Date (i.e., without utilizing the proviso set forth in Section 2.18(f)) times (b) (i) 1.25%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) commencing December 2015 and made on or prior to September 30, 2017, (ii) 2.50%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after September 30, 2017, but on or prior to September 30, 2018, (iii) 5.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after September 30, 2018, but prior to the Maturity Date, and (iv) 60.00%, on the Maturity Date.

Examples of Term Loan Amortization Amount in a sentence

• The Borrower shall repay to the Administrative Agent for the ratable account of the Appropriate Lenders (i) on each Quarterly Payment Date, beginning on the Initial Quarterly Payment Date, the principal amount of the Initial Term Loans and the Term Conversion Date Term Loans in an amount equal to the Term Loan Amortization Amount and (ii) the aggregate principal amount of all outstanding Initial Term Loans and Term Conversion Date Term Loans on the Maturity Date.

• The principal of the Term Loan shall be repaid in quarterly installments on the last day of each fiscal quarter, each such quarterly installment in an amount equal to the Quarterly Term Loan Amortization Amount.

• On the last Business Day of each March, June, September and December, the Borrower shall repay the principal amount of the Term Loans in an amount equal to the Term Loan Amortization Amount; provided, however, that the final principal repayment installment of the Term Loans shall be repaid on the Maturity Date for the Term Facility and in any event shall be in an amount equal to the aggregate principal amount of all Term Loans outstanding on such date.

• The principal of the Term Loan shall be repaid in quarterly installments on the last day of each fiscal quarter (commencing December 31, 2011), each such quarterly installment in an amount equal to the Quarterly Term Loan Amortization Amount with a final installment of the unpaid balance on the Maturity Date (provided, that the quarterly installment due December 31, 2011 shall be in an amount equal to $250,000).

• Notwithstanding anything contained in this Section 2.2(c) to the contrary, if a Default or Event of Default occurs during the Extension Period, then the Initial Principal Payment Date and the Monthly Term Loan Amortization Amount shall be modified as indicated below depending on the month of such Default or Event of Default.

More Definitions of Term Loan Amortization Amount

Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) (i) in the case of Domestic Term Loans, the sum of (x) the Term Facility comprised of Closing Date Domestic Term Commitments on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans (except Other Incremental Term Loans) that are Domestic Term Loans made pursuant to Section 2.16(b) times (ii) 1.25% and (b) (i) in the case of Global Term Loans, the sum of (x) the Term Facility comprised of Closing Date Global Term Commitments on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans (except Other Incremental Term Loans) that are Global Term Loans made pursuant to Section 2.16(b) times (ii) 1.25%.

Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.14 (solely to the extent such Incremental Term Loans are made on the same amortization terms as the Term Facility as in effect on the Closing Date) times (b) 2.5%.

Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.15 times (b) (i) at any time after the first anniversary of the Closing Date, but on or prior to the third anniversary of the Closing Date, 1.250%, (ii) at any time after the third anniversary of the Closing Date, but on or prior to the fourth anniversary of the Closing Date, 1.875% and (iii) at any time after the fourth anniversary of the Closing Date, but prior to the fifth anniversary of the Closing Date, 2.500%.

Term Loan Amortization Amount means, at any applicable time, an amount equal to the product of (a) the aggregate principal amount of the Term Facility on the Effective Date times (b) (i) at any time prior to the second anniversary of the Effective Date, 0%, (ii) from and after the second anniversary of the Effective Date, but prior to the third anniversary of the Effective Date, 0.25% and (iii) at any time thereafter, 1.25%.

Term Loan Amortization Amount means an amount equal to the product of (a) the sum of (x) the Total Loan Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.18 (solely to the extent such Incremental Term Loans are made on the same terms as the Term Loan Facility as in effect on the Closing Date (i.e., without utilizing the proviso set forth in Section 2.18(f)) times (b) (i) 1.25%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) on or prior to the second anniversary of the Closing Date, (ii) 2.50%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after the second anniversary of the Closing Date, but on or prior to the third anniversary of the Closing Date, (iii) 5.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after the third anniversary of the Closing Date, but on or prior to the fourth anniversary of the Closing Date and (iv) 15.00%, in the case of any quarterly Term Loan amortization payment made pursuant to Section 2.07(a) after the fourth anniversary of the Closing Date.

Term Loan Amortization Amount means a quarterly amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.14 (solely to the extent such Incremental Term Loans are made on the same amortization terms as the Term Facility as in effect on the Closing Date) times (b) the percentage set forth below opposite the applicable period in which the repayment on the principal amount of the Term Loan is made: Period: Percentage: Closing Date throughMarch 31, 2014 1.25% June 30, 2014 throughMarch 31, 2015 1.25% June 30, 2015 throughMarch 31, 2016 1.875% June 30, 2016 throughMarch 31, 2017 1.875% June 30, 2017 throughMaturity Date 2.5%

Term Loan Amortization Amount means a quarterly amount equal to the product of (a) the sum of (x) the Term Facility on the Closing Date plus (y) the aggregate amount of all Incremental Term Loans made pursuant to Section 2.14 (solely to the extent such Incremental Term Loans are made on the same amortization terms as the Term Facility as in effect on the Closing Date) times (b) the percentage set forth below opposite the applicable period in which the repayment on the principal amount of the Term Loan is made: Period:Closing Date through March 31, 2014June 30, 2014 throughMarch 31, 2015June 30, 2015 throughMarch 31, 2016June 30, 2016 throughMarch 31, 2017June 30, 2017 through Maturity DatePercentage: